Weekend Show – Sat 25 Feb, 2017

Gold Stock Commentary and Free Trade

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  • Segment 1 & 2: Chris Temple, Editor/Publisher of The National Investor, is in the chair for the first two segments, interviewing his friend David Wolfin, CEO and President of Avino Silver and Gold Mines, Ltd. Chris just traveled to the company’s flagship property in Durango State, Mexico, and talks with David here about Avino’s accelerating growth and its transformative arrangement to deliver all its metal production to Korean tech giant Samsung.
  • Segment 3 & 4: We wrap up this first hour discussing the general gold and silver markets with John Kaiser, Founder of Kaiser Research. In the second segment John outlines a couple companies he is invested in.
  • Segment 5: Andrew Fisher, CFA and CPA, is a specialist in cross border wealth management discusses international investing.
  • Segment 6:  Andrew Fisher returns to share his views on potential U.S. economic growth.
  • Segment 7: Glen Downs and Big Al opine of the myth of free trade
  • Segment 8: Dr. Dwight Moore discusses the Death with Dignity movement.

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Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

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Al KorelinAndrew FisherChris TempleDwight MooreGlen DownsJohn Kaiser

  1. On February 25, 2017 at 2:32 am,
    Archdeacon (!) Andrew says:

    Thanks guys – always appreciated! Skeeta are you OK?!

    • On February 25, 2017 at 9:19 am,
      Big Al says:

      Thanks Andrew

  2. On February 25, 2017 at 2:52 am,
    Archdeacon (!) Andrew says:

    Great interview with Andrew Maguire reminding us that the physical market in gold is now wagging the paper market tail, unlike back in 2010 under Eddie George.


    • On February 25, 2017 at 9:18 am,
      Big Al says:

      Yep, Chris did a nice job on that.

      • On February 26, 2017 at 2:18 am,
        Excelsior says:

        I particularly enjoyed the Chris Temple’s interview with David Wolfin of Avino Silver & Gold. As a longer term shareholder of (ASM), I’ve just been continually impressed with the progress they are making at their Mexican production assets & Canadian development asset, the old tailings they are going to be adding to the mix , the partnership with Samsung, and the exploration upside at all their properties. Good stuff!

  3. On February 25, 2017 at 2:59 am,
    Archdeacon (!) Andrew says:

    Hell’s bells – just go to KWN!!

    • On February 25, 2017 at 12:32 pm,
      b says:

      Are there bells in hell?
      y not i guess. lol

  4. On February 25, 2017 at 4:04 am,
    CFS says:

    SAN DIEGO (AP) — U.S. Customs and Border Protection said Friday that it plans to start awarding contracts by mid-April for President Donald Trump’s proposed border wall with Mexico, signaling that he is aggressively pursuing plans to erect “a great wall” along the 2,000-mile border.

    The agency said it will request bids on or around March 6 and that companies would have to submit “concept papers” to design and build prototypes by March 10, according to FedBizOpps.gov, a website for federal contractors. The field of candidates will be narrowed by March 20, and finalists must submit offers with their proposed costs by March 24.

    • On February 25, 2017 at 9:16 am,
      Bonzo Barzini says:

      Wouldn’t it be cheaper to buy helicopter gun-ships to cruise the border and shoot anyone crossing? After blasting a few, fear would stop the influx.

      • On February 25, 2017 at 9:21 am,
        Big Al says:

        Bonzo, don’t you think that is a little extreme? I agree that the law is being broken daily, but shooting down People?

        • On February 25, 2017 at 3:29 pm,
          Bonzo Barzini says:

          If someone broke into my house I would shoot them. Wouldn’t you?

          • On February 26, 2017 at 2:30 am,
            Archdeacon (!) Andrew says:

            Trouble is BB, we can never be absolutely certain who’s who. For instance right now I’m supporting a guy doing 26 years for the alleged rape of a 12 year old girl (now eighteen). Absolutely everything shouts that this is a sinister miscarriage of justice. So, while like you I’d cheerfully put a gun on the neck of a clear paedophile or defend my home with all that I’d got there are always imponderables to consider. …Maybe not so much when an intruder tries to break in.
            So although emotionally I like the idea of gunships dispatching migrant thugs and sex traffickers there will always be innocents caught in the crossfire, or at least some who are more innocent than others. Or is that just collateral damage when it comes to declaring war?
            Best, A

    • On February 25, 2017 at 9:20 am,
      Big Al says:

      My opinion, Professor, is that The Wall is a serious mistake.

      • On February 25, 2017 at 9:49 am,
        CFS says:

        Think of it as employment insurance.

        The Chinese used one to great effect!
        And now it’s a tourist attraction.

      • On February 25, 2017 at 12:28 pm,
        Dick Tracy says:

        The wall is a great idea, you won’t see a wall on the Canadian side, I wonder why?

      • On February 25, 2017 at 12:51 pm,
        GH says:

        I agree Al.

        How about just doing away with incentives for illegal immigration, and being truly good neighbors?

      • On February 25, 2017 at 2:33 pm,
        b says:

        Illegal Immigration for the wall is the excuse being used to build it.
        Gwyne Dyer explained the wall would be built in the early 1980s and why.

        I always find it amazing when people can figure that stuff out decades before it happens, then watch to see just how its done.

        There are other things, like the population in east Canada moving west due to weather.
        How did they know that almost 100 years ago?
        The high speed train is another one, governments have been buying land for it now for almost 100 years? maybe less but still.

        Then technology takes over and they decide to build a hyperloop, no wonder they didnt start the high speed train.

        The plans continue thru multiple elected governments.
        And there is rarely any mention.

        It just makes ya wonder who is really runnin the place.

        • On February 25, 2017 at 4:17 pm,
          Dick Tracy says:

          Technology is now in charge, it doesn’t sleep, or gripe, or eat food, or need medical attention, or a pension, the list goes on and on. Meanwhile humans want more government, more welfare, more health care, but they don’t want to pay for it because that requires being able to work like a machine 24/7, 365 days a year. Who do you think will win out. To me it’s pretty obvious the corner we are in verses artificial intelligence. DT

          • On February 25, 2017 at 4:25 pm,
            Dick Tracy says:

            Do you know how easy it would be to replace Big Al, all you need is a radio trained voice and a modicum amount of intelligence to understand your world and what questions to ask of your guests, not a difficult job if you are a robot with artificial intelligence. If you don’t understand how easy it is now to replace him, you will have a hard time surviving in the future. DT

          • On February 25, 2017 at 7:10 pm,
            b says:

            Ive heard 40% of positions will be gone to AI and robots in the next decade.

        • On February 26, 2017 at 2:32 am,
          Archdeacon (!) Andrew says:

          The Pope is against a wall while living behind one….

          • On February 26, 2017 at 6:28 am,
            Dick Tracy says:

            Andrew, It’s the old do as I say not as I do, people who live like that think the rules only apply to the others. Just before Obama left the white house he had a wall built around his residence and Paul Ryan is another person who believes in open borders but has a wall around his families residence. The selfie stick personifies the “me” generation we are now living in. DT

          • On February 26, 2017 at 10:16 am,
            Archdeacon (!) Andrew says:

            George Clooney and Merryl Sleep are further examples DT…..

          • On February 26, 2017 at 10:54 am,
            GH says:

            Like all the famous gun control advocates who have armed bodyguards.

    • On February 26, 2017 at 11:23 am,
      David says:

      Why do they want us not to go to Mexico?

  5. On February 25, 2017 at 4:08 am,
    CFS says:

    WASHINGTON (AP) — A draft Republican bill replacing President Barack Obama’s health care law would end its Medicaid expansion, scrap fines on people not buying insurance and eliminate taxes on the medical industry and higher earners.

    Instead, it would create tax credits worth up to $4,000, allow bigger contributions to personal health savings accounts and impose a new levy on expensive health coverage some employees get at work.

    The 105-page measure largely tracks talking points that House Speaker Paul Ryan, R-Wis., unveiled last summer and a similar outline that GOP leaders recently gave lawmakers. The document is 2 weeks old, and GOP aides said it is subject to change.

  6. On February 25, 2017 at 4:26 am,
    CFS says:

    Klondex Mines drills 5.2 m of 14.6 g/t Au at Fire Creek

    2017-02-24 06:36 ET – News Release

    Mr. John Seaberg reports


    Klondex Mines Ltd. is providing results on the completed 2016 surface exploration drill program at its Fire Creek mine located in northern Nevada, United States.

  7. On February 25, 2017 at 5:01 am,
    CFS says:

    Re: Segment 7:

    This financialsense podcast is worth listeng to>

  8. On February 25, 2017 at 5:11 am,
    CFS says:

    Section 8: Sheesh!

    • On February 25, 2017 at 8:56 am,
      Markedtofuture says:

      Dr. Dwight Moore discusses the Death with Dignity movement.

      Other possibilities?

      For example, if the person was destined by their Karma to have lived for 90 years in that lifetime but killed themselves at the age of 20, they will have to remain within Kama Loka for 70 years and cannot progress any further until then. They are not able to undergo the complete death process and enter into the state of Devachan – or “Heaven” – until then.


      • On February 25, 2017 at 9:24 am,
        Big Al says:

        Interesting comment Markedtofuture,

        Remember, God gave us free will?

        I personally think that Dr. Moore is doing a good thing for people who choose to take that route.

      • On February 25, 2017 at 10:37 am,
        CFS says:

        What inane superstitious garbage!

        • On February 25, 2017 at 10:39 am,
          CFS says:

          “Spiritually unlawful”

          There is law in Spirit-land!

          • On February 25, 2017 at 10:46 am,
            CFS says:

            How do spirits learn the law?
            Is there a spirit traning school?
            Or is it learned by osmosis?
            Something that just permeates the soul on the moment of death?

    • On February 25, 2017 at 9:23 am,
      Big Al says:

      Now why would you say that Professor?

      • On February 25, 2017 at 9:55 am,
        CFS says:

        It is a slippery slope from totally voluntary to voluntary, but encouraged.

        What is the point of life, when infirm and no longer productive?

        • On February 25, 2017 at 10:10 am,
          CFS says:

          But then a long time ago, I read the Rowe V. Wade judgment and cannot understand the legality of near-birth abortion.
          But it happens everyday.
          So what do I know?

          There are lots of things I don’t understand.
          You need a gun license to legally have a gun, but no requirement on gun use training.
          You need a marriage license to get married, but not to give birth.
          You need a fishing license to fish, even on your own property.

  9. On February 25, 2017 at 6:38 am,
    JohnK says:

    February 4th I replied to Doc that it was probably a good time to start accumulating the players in the Urban Barry next to Osisko Mining.
    Check out Fridays move in DGO.V

    • On February 27, 2017 at 2:43 am,
      Excelsior says:

      JohnK – If you check out the Commanus Rising “Stateside” audio report posted below, he spends a fair bit of time on that whole area play and the different companies involved – (including Durango). That area’s getting some real attention lately.

  10. On February 25, 2017 at 7:22 am,
    Matthew says:

    After correcting precisely 50% of its 2017 move, the yen is once again on its way higher:


  11. On February 25, 2017 at 7:39 am,
    Matthew says:

    PPP reversed yesterday precisely at a Schiff fork support. Based on that and prior action, that fork appears to be working…


    • On February 25, 2017 at 9:19 am,
      Bonzo Barzini says:

      Glad I bought more PPP yesterday @.67. If it gets back to a buck I’ll be out of the red.

    • On February 25, 2017 at 9:27 am,
      Bonzo Barzini says:

      What percentage does Schiff fork support hold?

      • On February 25, 2017 at 9:40 am,
        Matthew says:

        The odds that it holds varies from fork to fork but if we see a couple of closes below it, I’d say there would be a 70 to 80% chance that it will go 50% of the way to the lower support and a better than 50% chance that it will go all the way to that support.

    • On February 27, 2017 at 2:47 am,
      Excelsior says:

      Matthew – I’d say that since that was a Doji candle (where the open and close were very close together), that it has likely marked a reversal. Those are like a tug-o-war between longs and shorts and often signal a short -term change in direction.

      • On February 27, 2017 at 6:04 am,
        Matthew says:

        Yes, such candles tend to appear at the end of a trend.

  12. On February 25, 2017 at 7:56 am,
    Matthew says:
  13. On February 25, 2017 at 7:58 am,
    Karl Bergman says:

    PPP: I think all the sellers should be out by mid week.

    • On February 27, 2017 at 2:54 am,
      Excelsior says:

      Agreed. This next week should be a reversal in direction, and I’m positioned for a bounce in share-price.

  14. On February 25, 2017 at 8:29 am,
    Matthew says:
  15. On February 25, 2017 at 10:39 am,
    b says:

    Charles Smith talks about Bitcoin on Rogue Money @sgt report today.
    They mention HSBC laundering money for the drug cartels UBS laundering money for ISIS, isis money then goes to US congressmen for reelection etc.

    So, they think bitcoin stops the criminals, the war on cash is to stop criminal activity.

    Doesnt it occur that isis money from the middle east was transferred digitally?
    Is the drug cartel cash in banks digits or paper?

    How the heck is no cash and bitcoin going to have an effect on criminals?

    Its going to make it easier for them, blockchain or not, look at history for the anwser, how often do we hear of the Italian mafia?
    We dont, they are legitimate now, and so will the drug cartels be.

    That being said, wish ida bought a few thousand @ $2.00

    On the other hand, gold doesnt fix things either, nothing says the cartels cant buy a few billion in bullion. Who says they havnt already?

    As a matter of fact, I bet mines in Mexico and south america would be more than happy to sell to cartels.

    Bitcoin could go thru the roof yet, but I dont think its much of an answer.

  16. On February 25, 2017 at 11:50 am,
    Silverdollar says:

    Thanks Al for the discussion with Dr. Moore. You handled yourself well within the interview without giving away or rather injecting your own thoughts on the subject.
    To be more blunt, I expected you to probably insert religion into it. Thank you for not doing so.

  17. On February 25, 2017 at 12:59 pm,
    GH says:

    Looks like interest rates are finally coming back down:


  18. On February 25, 2017 at 5:17 pm,
    Ozibatla says:

    Free trade, partnerships, forging alliances, etc etc, its all a direct consequence of globalisation. Globalisation is now so entrenched into any given countrys modus operandi, that it is impossible to unwind without drastic repurcussions. I dont necessarily agree with globalisation but its a fact of life now.

    A countrys own soverignity is null and void to a certain degree because of globalisation. Alot of the western world is now interconnected throughout all the different sectors (geopolitically, economically, historically,) and actions invariably reverberate across many other countries.

    A classic example is the Eurozone crisis affecting Australia through China. The EU is Chinas biggest trading partner. But with the Euro crisis affecting much of the EU, China has felt a direct slowdown in its trade business with the EU. Consequently, they in turn have decreased their demand for iron ore from Australia. This has hurt our economy as it is heavily reliant on the resource sector. This is just one of many examples and further highlights the complexity of the world of business

  19. On February 25, 2017 at 8:31 pm,
    johnnygeneric says:

    “Death With Dignity” is Euthanasia. Plain and simple. This will lead to forced Euthanasia. “Thousands in Netherlands Die Without Consent Since Euthanasia OK”

    “In only 23 years, Dutch doctors have gone from being permitted to kill the terminally ill who ask for it, to killing the chronically ill who ask for it, to killing newborn babies in their cribs because they have birth defects, even though by definition they cannot ask for it. Dutch doctors also engage in involuntary euthanasia without significant legal consequence, even though such activity is officially prohibited,” writes Wesley J. Smith in Forced Exit: The Slippery Slope from Assisted Suicide to Legalized Murder.”

    • On February 26, 2017 at 1:17 am,
      CFS says:

      hen there is the Liverpool Path in UK hospitals.
      Sanctioned murder.

    • On February 26, 2017 at 10:58 am,
      GH says:

      No matter where you live, it’s best never to put a loved one in a doctor’s hands unaccompanied, at least if they are in a vulnerable condition.

      • On February 26, 2017 at 10:59 am,
        GH says:

        I should qualify that as ‘an unknown doctor’–if you know them well and are sure you can trust them, that is different.

  20. On February 26, 2017 at 1:50 am,
    CFS says:

    David Stockman on USAWatchdog:


  21. On February 26, 2017 at 3:17 am,
    Rubina Ratnakar says:

    Great Show guys! Keep up the great work

  22. On February 26, 2017 at 4:43 am,
    Markedtofuture says:

    Rickards – The Coming Big Freeze – Agora Financial interview.


    • On February 26, 2017 at 8:47 am,
      dragonite says:

      I don’t want to discredit Mr. Rickards. But I think his scenario may happen but it is not because elites choose to but have to. Elites should prefer to rule the world silently like now. But they can go so far without showing their hands.

      • On February 26, 2017 at 2:38 pm,
        GH says:

        Astute comment as usual, Dragonite.

        How is it that Rickards spills the beans on the global despots, yet maintains his privileged access to inside information? Something is odd here.

        • On February 27, 2017 at 2:16 am,
          Excelsior says:

          It’s odd until one considers he may just be a tool….

          • On February 27, 2017 at 7:25 am,
            OOTB Jerry says:

            Like a screw driver……….

          • On February 27, 2017 at 10:38 am,
            GH says:

            yep. odd one way or odd another.

  23. On February 26, 2017 at 4:46 am,
    Markedtofuture says:
  24. On February 26, 2017 at 4:50 am,
    Markedtofuture says:

    AlliedNevadaFraud here with our first press release!

    Link 1: SeekingAlpha


  25. On February 26, 2017 at 5:05 am,
    Ozibatla says:

    Jim Rickards has been known to fear monger a tad in the past. All in the name of pushing his books agenda. An informative wise man nonethless. And I admit to also owning a couple of those very books

    • On February 26, 2017 at 6:18 am,
      Markedtofuture says:

      And I admit to also owning a couple of those very books. Its hard to gloss over what he discloses.

      There has to be a hell of a war going on in govt. Around the 20 min mark …talk about connecting the dots…

      Could the CIA be sabotaging the Trump cabinet? – Episode #692 with Kevin Shipp


      • On February 26, 2017 at 11:01 am,
        Markedtofuture says:

        Hillary Clinton Calls For ‘Resistance’: “We Need To Stay Engaged… I’ll Be With You Every Step Of The Way”

        “Make no mistake, Hillary Clinton is running for President in 2020 and the video you just watched is the opening salvo in a conflict that is designed to divide and conquer the American people.”


        • On February 26, 2017 at 3:22 pm,
          Bonzo Barzini says:

          Hillary knows that unless she runs again the donations (actually bribes) to the Clinton Foundation will dry up.

          • On February 26, 2017 at 6:36 pm,
            b says:

            II was going to buy the road to ruin, turns out there is a missing chapter.
            Think Ill wait till he finishes the book.

  26. On February 26, 2017 at 5:10 am,
    CFS says:

    rtensen on Bubbles:


  27. On February 26, 2017 at 5:52 am,
    wolfster says:
    • On February 26, 2017 at 6:22 am,
      Matthew says:

      Hamilton: “The fact a strong new gold upleg is underway without speculators buying gold futures is incredible, an extreme anomaly. The Trumphoria stock-market rally, and sky-high US dollar, have greatly distorted market psychology. But once these lofty overvalued stock markets and euphoric topping US dollar inevitably roll over, gold-futures speculators will be shocked from their slumber. Then they will rush to do catch-up buying.”

  28. On February 26, 2017 at 7:29 am,
    Scott says:

    Big Al, thanks for the Death with Dignity segment. I’ve seen some really bad arguments on both sides. Opponents want to force their religious views on others. Advocates want to expand government by entrusting decisions to panels of bureaucrats. I want to protect individual liberty and self-ownership. I think Dr. Moore shares my concerns, and his approach seems to be a good one under the circumstances.

  29. On February 26, 2017 at 8:04 am,
    Markedtofuture says:

    Sentiment Speaks: There Is A Disturbance In The Force… I Mean In The Metals Complex -Avi Gilburt


  30. On February 26, 2017 at 10:47 am,
    Excelsior says:

    Delivering on a Value-Driven Culture of Long-Term Sustainability & Profitability

    Jaguar Mining (JAG)(JAGGF) Corporate Presentation – February 2017


  31. On February 26, 2017 at 11:12 am,
    Excelsior says:

    My favorite miner with assets located in the historic #Cobalt camps of Ontario is $BBB $BXTMF Brixton Metals. They have 2 prior producing #Silver #Cobalt mines in #Ontario,and also their #Gold #Silver exploration project in the #GoldenTriangle

    $BBB latest Corporate Presentation for review:


  32. On February 26, 2017 at 11:23 am,
    Excelsior says:

    @stateside – “New February 26, 2017 Stateside Report Podcast posted at:


    ” In this week’s episode of the Stateside Report Podcast we talk about the week in gold, the base metals and the precious metal stocks, we do a deep dive into our 2017 podcast sponsor Genesis Metals $GIS , we talk about the Friday most active and % gainers and then talk about the press releases issued during the week including Genesis Metals $GIS McLaren Resources $MCL Engold Mines $EGM Arena Minerals $AN Beaufield Resources $BFD Secova Metals $SEK Vanstar Mining $VSR Mawson Resources $MAW Marathon Gold $MOZ Red Hut Metals $ROB and Antler Gold $ANTL – We talk gold, silver, copper, lead, zinc, nickel, uranium, oil and natural gas.”

  33. On February 26, 2017 at 11:27 am,
    CFS says:
  34. On February 26, 2017 at 11:27 am,
    Excelsior says:

    Precious Metals Technical Review
    by Ceo Technician | Charts, Gold, Gold Stocks, Platinum, Silver

    “Precious metals have had a strong strong rally since reaching the worst sentiment on the sector in more than 20 years in mid-December…..”


  35. On February 26, 2017 at 11:35 am,
    CFS says:

    More on the unindicted Criminal and cronyism.

  36. On February 26, 2017 at 11:37 am,
    Excelsior says:

    Underperformance in Gold Stocks Argues for Interim Peak
    02/24/2017 | Jordan Roy-Byrne CMT, MFTA

    “During the recent rebound, the miners rallied back to the “Trump” resistance while Gold is not yet close to doing so. However, unfortunately for bulls, while Gold is now pushing higher above key levels, the gold stocks are lagging. This new and recent underperformance suggests the gold stocks have made an interim peak and will remain entrenched in a correction or consolidation.”


    • On February 26, 2017 at 11:38 am,
      Excelsior says:

      Do Miners Need to Lead the Metals? – February 24, 2017 -SMT

      “It’s a common misconception that miners always lead the metals sector. As you can see in this #chart the miners often produce false signals.”


      • On February 26, 2017 at 11:39 am,
        Excelsior says:

        Watch The Divergence ( Gold vs Gold Miners)
        February 25, 2017 – SMT #TechnicalAnalysis #Video


        • On February 26, 2017 at 11:41 am,
          Excelsior says:

          Gold’s Rally: Key Tactics For Profits
          Morris Hubbartt – Feb 24, 2017
          Super Force Precious Metals Video – Technical Analysis

          (Click on the various blue links amongst the charts for the VIDEO segments)


          • On February 26, 2017 at 11:45 am,
            Excelsior says:

            Dollar Weakness and Political Uncertainty Continues to Fuel a Major Gold Rally
            February 24, 2017 – by Gary Wagner – TECHNICAL ANAlYSIS CHARTING VIDEO

            “Successfully breaking above resistance at 1242 yesterday, traders harnessed that momentum for a second day, moving gold prices to a level not seen since November 11 of last year. The last time gold traded at 1240 was immediately following the presidential election. The strong correction began on November 8, and would result in a $200 decline in gold prices.”

            Gold Gains 9% in 2017

            “Yesterday, trading activity resulted in a successful breach of resistance at $1242, feeding upon the upside momentum. Since the rally began in December of last year, bullish sentiment had lost momentum with traders unable to move the price needle past this level of resistance. During the first week of February, bearish sentiment prevailed, resulting in a mild correction and taking gold prices down to $1216 per ounce. But, over the last week and a half, bullish momentum has reentered the market and reignited this major rally of 2017. The net result has been a 9% increase in value this year.

            It’s a Mad, Mad World…. (more) ”


          • On February 26, 2017 at 4:21 pm,
            Matthew says:
          • On February 26, 2017 at 6:22 pm,
            Excelsior says:

            NIce one Matthew. Love the song. After watching the film Donie Darko I couldn’t stop humming it for about a week. 🙂

  37. On February 26, 2017 at 12:26 pm,
    Excelsior says:

    10 mines still making good money if the gold price falls 50%
    Frik Els | 2 days ago

    “After coming unnervingly close to triple digits at the end of 2015, the price of gold ended a three-year losing streak last year. So far in 2017, gold has gained 9.5% in value, trading at more than $1,250 an ounce on Friday.

    MINING.com’s sister company IntelligenceMine looked at costs at 140 primary gold mines and found 10 operations that would still make money even if gold halves in value from today’s levels….”


  38. On February 26, 2017 at 2:56 pm,
    GH says:

    With agricultural commodities near multi-decade lows and turning up, rising inflation in necessities seems like a sure bet:


    • On February 26, 2017 at 5:36 pm,
      Excelsior says:

      Agreed GH. The agricultural stocks are worthy of review in the near future as they may finally start to climb out of the hole they’ve been and get on the move in 2017.

      Food supply will become a narrative we increasingly hear as trade deals change on the global stage.

  39. On February 26, 2017 at 3:02 pm,
    GH says:

    The current low price of agricultural commodities is even when priced in gold.


    But I have been wondering, if the world is moving back toward pricing things in gold, will ratios like oil:gold and food:gold remain near current lower levels, and establish lower ranges than they have had for the last 40 years?

    Or are commodities in general set to appreciate versus gold from these historically low levels?

    Unfortunately I don’t have easy access to pre-1980 prices to see what the longer-term ranges have been.

    • On February 26, 2017 at 3:03 pm,
      GH says:

      correction: The current low price of agricultural commodities is even *more pronounced* when priced in gold.

      • On February 26, 2017 at 6:12 pm,
        Excelsior says:

        Great point – when priced in real money the agricultural stocks have plenty of room to move higher in real value over the next few years.

  40. On February 26, 2017 at 3:19 pm,
    Dick Tracy says:

    They should give the “Peabrain” award to Meryl Streep after she gives her anti-Trump diatribe during the academy awards. DT

    • On February 26, 2017 at 3:24 pm,
      Bonzo Barzini says:

      I have never liked Streep and now I loathe her.

  41. On February 26, 2017 at 4:44 pm,
    Dick Tracy says:

    Ex, the markets are going to be very interesting, in the cobalt space I like CSK-V. This is not a pump, it is my opinion, however; I must say this DYODD. DT

    • On February 26, 2017 at 5:42 pm,
      Excelsior says:

      DT – Yes, I’m starting to follow the Cobalt space with more interest, (even though in most instances it is a co-primary commodity to Copper, Nickel, Silver mining, so there are few “pure” plays. (BBB) Brixton that I posted on up above is still may favorite because it’s 2 prior producing Silver mines are in the “Cobalt” camps of Ontario. Ardea (ARL.AX) (ARRRF) is another interesting play (although it is no longer cheap due to the recent attention it has garnered on Ceo.ca and since it’s recent spin-out from portfolio of properties held by Heron Resources (a great Aussie Zinc & Copper developer).

      Yes, I have a number I’m following up on and CobalTech Mining is definitely on that list.


      • On February 26, 2017 at 5:45 pm,
        Excelsior says:

        One idea that has been percolating and circulating the last few months has been looking for supplies that are “outside” of the DRC (which accounts for much of the supply at present). This gives plays in safer jurisdictions a real advantage from the investor interest in this combination, and I believe, the many Nickel/Copper/PGM/Silver miners will benefit from this trend.

        • On February 26, 2017 at 5:52 pm,
          Excelsior says:

          KMW Blog Feb 24, 2017: Discovery Watch with Jim Goddard and John Kaiser

          (One of the stocks they discuss is Cleanteq Holdings as a source of Cobalt outside of the Congo).


          • On February 26, 2017 at 5:59 pm,
            Excelsior says:

            Three major suppliers to stop the price of Cobalt prices soaring “a cargo difficult to find”

            “In the past three or four months time, cobalt prices have been nearly doubled. And treat other varieties of cement when the differences and prudence is completely different , almost all of the brokerage agencies are expected to rise further cobalt prices. “To support the price factors too much, scarcity, tight supply and demand, oligarchy, small varieties of easy speculation, as well as the current situation in the Congo.” There are brokerage researcher up to the newspaper reporter analysis.

              Three major manufacturers collective “reluctant to sell”

              ”Thought to be up, but did not expect to rise so fast!” Fujian, a large new energy battery manufacturers, a purchasing manager to reporters.

            According to statistics on the nonferrous metals network in   China , February 22, 2017, the reference price of metal cobalt was 377,000 yuan / ton, four months ago, October 22, 2016, metal cobalt offer at 220,000 yuan / ton , Or more than 70% during the period. February 1 this year, the price of metal cobalt 295,000 yuan / ton, this month has risen about 25%.

              Even if the price has risen sharply, but the supply of cobalt products is still very tense.

              Yesterday afternoon, the reporter contacted the Huayou Cobalt sales department, the other reply, cobalt oxide, cobalt oxide and other products have all stopped the offer, “out of stock, suspended offer.” “How to get the goods?” “There is no goods ”

              Huayou Cobalt is one of the largest cobalt suppliers in China. Grammy, Huayou Cobalt, Jinchuan Group, the three occupied the market half of the country…”

            “”Supply and demand situation has been reversed!” A company just in a cobalt listed companies to complete the research brokerage researcher told reporters that the market had been expected this year (2017) cobalt ore supply will be a shortage of the Spring Festival after the outbreak of three yuan battery Sexual growth has exacerbated this shortfall.

              It is understood that the current lithium battery industry is the largest application of cobalt in the country announced a new version of the new energy vehicle subsidy policy, in order to obtain high-end subsidies, depot battery energy density requirements, ternary line quickly popular, short-term lead to battery Business to increase the nickel, cobalt and other ternary materials in the basic needs of small metals.

              Vendors accordingly predicted that the global new energy vehicles in 2020, the demand for cobalt will reach 35,600 tons of metal equivalent, compared to 2015 growth of 10 times the demand for the entire cobalt will reach about 150,000 tons. 2015 global cobalt raw material supply is about 110,000 tons of metal, even if the supply side of the annual growth rate of 7%, supply and demand gap is still huge.”


      • On February 26, 2017 at 6:02 pm,
        Excelsior says:

        A good recap of a Financial Times article from Nicholas Lepan:

        @nicholaslepan – “Cobalt – hedge funds stockpiling some 6,000t of cobalt worth some $280m (Financial Times)”

        – A number of hedge funds are reported to be stockpiling cobalt worth some $280m equivalent to around 17% of last year’s production

        – Global demand is expected by CRU to outstrip supply by 900t this year with demand to grow by 20% this year indicating to us that prices should rise dramatically

        – Cobalt prices have more than doubled to $22/lb from $10/lb a year ago but are still some way off their peak of $50/lb in 2007.

        – Cobalt is almost entirely produced as a by-product alongside copper and in polymetallic mines with Glencore controlling almost a third of the cobalt market.

        – The Chinese recently agreed to complete the purchase of the giant Tenke-Fungurume copper-cobalt mine a move which may have been as much for cobalt as well as copper supply.

        – SP Angel thinks the funds will make a killing on the metal as demand and prices rise although some traders reckon the funds may struggle to sell their cobalt into a thin market.

        – SP Angel recalls some years ago traders flying cobalt and coltan out of the Congo in low-flying planes to airstrips in Uganda, Rwanda and Burundi. The cobalt and coltan is extracted by artisanal miners in often informal high-grade deposits in the DRC. ”

        Feb 2017, 07:37

    • On February 26, 2017 at 7:34 pm,
      Excelsior says:

      Cobalt Spot Price Hits $27 Per Pound in China Today. Larry Reaugh
      February 24, 2017 – talkdigitalnetwork

      “Cobalt Demand Replaces Lithium in EV Lithium Ion Batteries”
      Larry is President & CEO of American Manganese Inc.


  42. On February 26, 2017 at 5:58 pm,
    Steele says:

    Complacency abounds in the conventional markets. Nice chart inside from Dana Lyons.


  43. On February 26, 2017 at 6:09 pm,
    Excelsior says:

    Mining CEOs Need To Stop Lying To Shareholders – Sandstorm’s CEO
    Feb 26, 2017 – Guest(s): Nolan Watson

    “There’s a lot of buzz around the mining industry right now as metals prices trade higher, but investors need to be careful. This was Nolan Watson’s main message during Gold Stock Analyst Investor Day.”

    “The Sandstorm Gold CEO addresses the issue of “fundamentally wrong” assets being promoted in the industry right now and how some executives are “lying” to investors about them.”


    • On February 26, 2017 at 8:22 pm,
      Steele says:

      Good interview. I’ve been impressed with Nolan Watson and the due diligence at Sandstorm.

      • On February 27, 2017 at 2:12 am,
        Excelsior says:

        Agreed. Nolan is a very sharp up and coming CEO, and Sandstorm has done so much to ramp up their streaming and their royalty packages over the last few years, and yet many investors still mistakenly have written them off due to some of the challenges they had a few years ago with a few higher risk streaming deals that they brought on and the initial challenges they had with Luna Gold (now merging with JDL Gold in the new combined company Trek). Regardless, if anyone goes and really looks overall their entire basket of assets it’s hard not to be impressed.

        Click on the “Expand All” (+) sign to see the whole enchilada:


  44. On February 26, 2017 at 6:11 pm,
    Excelsior says:

    After Oil & Gas, Is Uranium Next? – Franco-Nevada CEO (FNV)
    Feb 26, 2017 – Guest(s): David Harquail CEO, Franco-Nevada

    A leading precious metals company has been diversifying into oil & gas,ut could it be looking to expand into other commodities? Franco-Nevada CEO David Harquail joins Kitco News at Gold Stock Analyst Investor Day to talk about the company’s strategy for 2017.”


  45. On February 26, 2017 at 7:22 pm,
    CFS says:

    WASHINGTON (AP) — The White House is moving to propose slashing cuts to longtime Republican targets like the Environmental Protection Agency in a set of marching orders to agencies as it prepares its budget for the upcoming fiscal year.

    Capitol Hill aides say the White House budget office on Monday will send agencies proposed levels for the 2018 budget year. The aides spoke on condition of anonymity to discuss nonpublic information and a sensitive process.

    The Pentagon is due for a huge boost, as President Donald Trump promised during the campaign, but many nondefense agencies and foreign aid programs are facing cuts. The specific numbers aren’t final and agencies will have a chance to argue against the cuts as part of a longstanding tradition at the budget office.

    Trump’s budget is expected in mid-March.

    In an interview with Fox News Channel’s “Sunday Morning Futures,” Treasury Secretary Steven Mnuchin said cuts to Social Security and Medicare would not be part of the administration’s first budget. Trump’s priority is passing legislation to reduce middle-class and corporate taxes, he said.

  46. On February 27, 2017 at 12:49 am,
    CFS says:

    WASHINGTON (AP) — When Republicans say they want to lower taxes and get rid of loopholes to make up the lost revenue, they’re talking about eliminating some very popular tax breaks enjoyed by millions of people.

    That’s why making big changes to tax laws is so hard — and why it hasn’t been done for 30 years.

    Unless Congress simply cuts taxes for everyone, there will be winners and losers, and the losers won’t go quietly. If Congress does cut taxes for everyone, lawmakers risk exploding an already large budget deficit.

    Republican leaders in the House and Senate say they don’t want a tax overhaul to add to the national debt. That’s what they mean when they say “revenue neutral.” The new system would raise the same amount of tax revenue as the old one, after taking into account some broader economic effects.

    President Donald Trump has said he will make public a tax proposal in the coming weeks. Republicans in Congress are also working on plans, with the House GOP taking the lead.

  47. On February 27, 2017 at 3:12 am,
    CFS says:

    BEIJING (AP) — More than 800 people have been arrested in a crackdown on unlicensed banking operations as Beijing tries to stem outflows of money from the country, the police ministry says.

    More than 380 underground banks that handled transactions totaling more than 900 billion yuan ($130 billion) were broken up in the crackdown launched last year, according to the ministry.

    Communist leaders allow unlicensed financing activity to support entrepreneurs but try to stop activity they say threatens the state-run banking system, supports crime or helps people violate foreign exchange controls or other regulations.

    Companies and small investors began moving billions of dollars a month out of China in late 2015, prompted by expectations the currency would decline in value. Beijing responded by stepping up scrutiny of outbound investment and banning some activities by individual investors.

  48. On February 27, 2017 at 3:15 am,
    Excelsior says:

    I just thought I’d post this reminder on Metanor Resources for anyone following this company. They plan on doing a 10:1 reverse split, list on the TSE, but also do a capital raise to fund their various projects. Due to all this uncertainty and likely coming dilution, my shares have been liquidated to lock in profits and get out of the way for a bit until all the restructuring is done. There may be some short-term potential to the upside if Gold stays strong, but I really don’t like being part of reverse splits (Americas Silver was an exception due to their strict interest in the dual listing as the rationale).

    After all this reverse split, new listing, and once the capital raise is completed, then Metanor may shape up to be an interesting little producer & developer.

    Here is a blurb from a recent press release as a reminder:



    January 23th, 2017

    “Metanor Resources Inc. (TSX – V: MTO) is pleased to announce that it expects to release in early February, its first quarterly profit (period ended December 31, 2016) since commencement of operations. It also plans on submitting to its shareholders during a special meeting to take place March 20, 2017, a resolution authorizing management to proceed with the consolidation of the Corporation’s share capital, on the maximum basis of 1 post consolidation share for every 10 pre-consolidation shares held (10:1).

    This consolidation falls within Metanor’s short term development plan. Metanor has several ongoing projects: the Barry project (please refer to positive PEA available on Sedar), the renewing/increasing of resources at Bachelor, drill exploration programs on Barry Extension, Moroy and Moss, and, the upgrade of the Bachelor mill. These projects require additional investments and a higher share price will facilitate the injection of new capital by generating interest on a broader level and increasing interest from institutional investors.

    Additionally, Metanor will seek to have its shares transferred to the Toronto Stock Exchange to have increased international exposure and analyst coverage.”


  49. On February 27, 2017 at 6:08 am,
    Matthew says:

    Primero Mining Announces $75 Million Term Loan Refinancing and Organizational Review

    “We are taking the decisive action necessary in order to address the challenges currently faced by our Company,” said Joseph F. Conway, Interim President and Chief Executive Officer. “Securing the three year term debt facility with Sprott is a critical part of that. The priority now is to bring our Company back to profitability by reducing complexity, improving planning and delivering positive operating results at both of our mines. This has been a difficult period for the Company and for our shareholders. I am personally committed to leading Primero until we have returned the Company to profitability and financial stability.”


  50. On February 27, 2017 at 7:08 am,
    Matthew says:
  51. On March 3, 2017 at 11:24 pm,
    Eryn says:

    Hey, I think your website might be having browser compatibility issues. When I look at your website in Ie, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, amazing blog!


    • On March 4, 2017 at 3:29 pm,
      Big Al says:

      Thanks much Eryn!